$400 Billion Was Stolen In Covid Fraud

According to the Associated Press in their latest investigation titled “The Great Grift,” it was found that $400 billion was stolen in COVID fraud from taxpayers.

In case you had any lingering doubts that forcibly shutting down the entire economy over a virus and replacing economic activity with government payments does not represent a smart strategy, the Associated Press has more evidence to bolster the case. 

Its latest investigation, titled “The Great Grift,” highlighted the staggering scope of fraud taxpayers face because of Covid-era programs. On the heels of earlier AP investigations that showed significant spending on projects that had little to do with the coronavirus, the story provides one major explanation — albeit an infuriating one — for our nearly $32 trillion-and-counting federal debt. 

Hundreds of Billions in Waste 

Overall, the AP analysis found that the federal government appropriated nearly $5.2 trillion on Covid-related efforts during the pandemic. That total includes roughly $3.2 trillion shelled out under President Donald Trump, in addition to the $1.9 trillion “stimulus” legislation that Democrats rammed through after President Joe Biden took office. 

Other figures seem even more shocking. For starters, roughly 20 percent, or $1 trillion, of the $5.2 trillion “has yet to be paid out, according to the [Pandemic Response Accountability] Committee’s most recent accounting.” You read that right: More than three years after the coronavirus first hit — and after the Biden administration (finally) ended the public health emergency for the virus — there is still $1,000,000,000,000 in federal “Covid cash” left to be spent. (Much of the money has been contractually obligated but not yet spent, which provides an explanation — or excuse, depending upon one’s point of view — as to why Congress could not rescind the full $1 trillion in last month’s debt limit deal.) 

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Of the roughly $4.2 trillion spent thus far, approximately 10 percent of the sum represents fraud or waste. The AP investigation found $280 billion in stolen money, with “another $123 billion … wasted or misspent.”  

To put it in perspective, this over $400 billion total represents more than 20 times what the federal government spends on cash welfare payments every year. And of course, as the AP noted, the amount of taxpayer dollars lost to fraud or waste will likely grow, both as more money gets paid out and as investigators dig into their cases.  

Trump Special Counsel Prosecutor Karen Gilbert, who is also a deputy to Special Counsel Jack Smith and a federal prosecutor, has a long history of corruption.

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